Adele Morris

Adele C. Morris, PhD, is a leading economist and policy expert specializing in climate change, energy policy, carbon pricing, and the integration of climate risks into macroeconomic and financial stability frameworks. She is currently a Senior Advisor at Resources for the Future.

Dr. Morris served as Senior Adviser at the U.S. Federal Reserve Board of Governors from October 2021 to October 2025, where she played a pivotal role in incorporating climate-related risks into the Federal Reserve’s financial stability mandate. She chaired and co-chaired the Financial Stability Climate Committee, led transition scenario team for the Board’s pilot climate scenario analysis exercise with major financial institutions, and represented the Federal Reserve in scenario design work of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). She also guided interagency efforts on climate scenario development through the Financial Stability Oversight Council.

Prior to her Federal Reserve tenure, Dr. Morris spent over 13 years (2008–2021) at The Brookings Institution as the Joseph A. Pechman Senior Fellow, Senior Fellow, and Fellow in the Economic Studies Program. As Policy Director for the Climate and Energy Economics Project, she led groundbreaking research on carbon taxation, carbon border adjustments, fiscal reform, and the economic impacts of climate policy. She co-chaired the influential Energy Modeling Forum (EMF 32) multi-model study on U.S. carbon tax scenarios and advised Congress, administration officials, state governments, and international bodies. Her work shaped policy debates on revenue-neutral carbon taxes, coal-dependent community transitions, and the distributional effects of climate policies.